July canola is up $9.80/mt with November canola up $10.50/mt, July soybean oil is up 1.24 cents/pound, August European rapeseed is up 7.75 euro per mt and August Malaysian palm oil is up 0.19%. December oats are down 7 1/2 cents/bushel. August crude oil is down $2.34/barrel, August ULSD is down $.0090/gallon, and the September Canadian dollar is down .00150 at .70840. The September U.S. Dollar Index is up .122 at 100.740 and the July Brazilian real is up .00160 at 0.19445.

Canola and soybean oil remain the leaders of the ag markets (thanks to concern over European rapeseed and palm oil production), currently trading near their highs of the day. That is despite energy markets trading on their lows with crude oil down as much as $2.60/barrel at one point, almost $5/barrel off its Sunday evening highs (that were marked after Iran walked out of talks over threats from President Trump).

The U.S. Treasury has now officially granted a 60-day waiver on all Iranian crude oil and related product exports, allowing those to flow freely to most parts of the world for the first time in 8 years.

Outside markets remain skeptical of the rosy reports with stocks and bonds remaining lower. The U.S. dollar is maintaining its gains on the positive interest rate differential over other countries.

(c) Copyright 2026 DTN, LLC. All rights reserved.